Adani Green Share Price: Adani Green shares gain 1.2% as Sensex rises

Shares of Adani Green Energy Ltd. traded 1.2 per cent higher in Wednesday’s session at 10:20AM (IST). The stock opened at Rs 964.0 and has touched an intraday high and low of Rs 968.0 and Rs 950.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1394.0 and a 52-week low of 400.0. About 9,653 shares changed hands on the counter so far.

Benchmark Nifty50 was up 52.6 points at 16677.20, while the BSE Sensex traded 127.38 points higher at 56086.36 at the time of writing of this report.

In the Nifty pack, 31 stocks traded the day in the green, while 19 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 1079.0 crore, down 0.28 per cent from the previous quarter’s Rs 1082.0 crore and down 22.87 per cent from the year-ago quarter. The company reported net profit of Rs 219.0 crore for the latest quarter.


Promoter Holdings

Promoters held 57.47 per cent stake in the company as of 30-Jun-2021, while FIIs held 20.32 per cent and MFs 0.12 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1077.33 on August 25, while the 50-DMA was at Rs 995.95. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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